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To answer with another question: how can you tell the difference between big pseudo-monopolies truly providing the best product or service vs. smaller companies
by jakelazaroff 7y ago
To answer with another question: how can you tell the difference between big pseudo-monopolies truly providing the best product or service vs. smaller companies being unable to enter the market with a better one because a big company has locked them out?
- workblood 7y agoI’m sorry, can you clarify what you mean by pseudo-monopoly? It’s not a term of art and I’m trying to understand your argument.
- jakelazaroff 7y agoMaybe pseudo-monopoly was the wrong term… I'm basically saying that if a company has enough market or lobbying power, it can distort the market by blocking entrants who might make better/cheaper products or services. For example, ISPs lobbying to ban municipal competitors.